In the beginning

Hi, my name is Max. I am the author of systemaccounting. The idea was conceived while contemplating how money would function if it was circulating directly between its owners through a database rather than among the state-chartered lending companies the public recognized as "banks". This happened while the economy was forced to absorb a tremendous amount of failure caused by the financial industry, a perfectly-avoidable event if the government didn't blur the lines of accountability between transaction & financial risk. The day was Monday, May 11, 2009 to be exact, late in the evening.

The concept appeared in the form of a zero entropy data structure that expressed financial value to be in a constant state of acceleration (value/sec/sec) between users who are freely changing its ownership (Δ in ownership/sec) in a system supplying unmodified scientific feedback to the public. Also, this idea of clocking the change in related variables to create differentiable database objects complemented other thoughts I was having on optimizing equilibrium within markets as well as vehicle traffic: All elements in a system must maintain equal acceleration per unit of time.

The difference between this new concept and what was occurring in the world at that time invoked a deep sense of loss, shame even. Mankind was hamstrung by an incredible amount of inefficiency. The duty of seeing the concept through was mine.

I began drafting the idea numerous ways and refining it to proceed with legal filings. Systemaccounting is but one of many other applications of the technology. At its center, the idea is best described as a 'systemclock', a device measuring how one variable changes with respect to the change in other variables.

Without giving much consideration to the business approach, an LLC was formed called AccelVal Technologies Institute. The internet address was purchased.


The intent was to store patents within this LLC as an intellectual property depository, then license them for different applications as they emerged. The logo designated to represent the LLC has served as the sign of my family's house for several centuries. While much of my ethnicity is rooted in Israel, the patrilineal line passes through Swedish nobility. I equate the Star & Mountain to the House of Truth & Courage.


The blog was created and linked to the LLC's website to keep interested parties updated. The address is still active today, but it now points to the application's production instance.

Despite the many new ideas and insights I was encountering involving math, physics and the science of information, these new ideas would have to wait. Ideas are useless if they're not translated into action. With research on the systemclock finished, and legal filings well on the way, it was necessary to begin implementation immediately.

Architecting the systemclock's first application in economics involved clocking how the 3 following variables changed with respect to one another as a system: "ownership", "value" and "time". Engineers were paid to build the first version of systemaccounting, and the company formed to operate it was named EquilCurrency LLC. The website was built to demo the technology for people in legislative and executive government positions. The response across state & federal legislators, executives, and indeed, all levels of government was swift indifference. Discussing science and technology on its merits was shown to have no place among government officials whose success was instead determined by behaving as the most effective media-circus performer.

My final attempt to reason in person with the office staff of a California federal senator was scheduled on Monday, June 11, 2011, a day on which it was noted that the cost of all these engagements had placed me into poverty. As the minds of all the elected officials I contacted were tested to be irretrievably consumed by the siren song of politics, the magnitude of the duty now multiplied before me by their indifference had to be taken to account directly with the public. The population of Los Angeles would have to suffice. After the meeting ended, I continued west until arriving at the ocean.

When the 2011 protests began, I joined immediately. Every morning on the north lawn of the Los Angeles City Hall I set up and maintained a University tent so that people who were joining or visiting could enter the movement with some type of formal introduction and training from other participants. I taught economics every day, sometimes 3 times a day. In the late afternoon and early evening I hosted a Solutions booth on the south lawn so that people who were supplying, or in search of learning about specific solutions to the problem of economic inefficiency could meet the like-minded.

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Another website previously created to promote systemaccounting through activism,, was adapted to feature an exact definition for the "1%" in the form of a letter that was circulated among the Los Angeles City board members. The intention was to build consensus around identifying the exact source of the problem and its solution. The letter was also personally accepted by a professor from my alma matter who once served as labor secretary. "I promise to read it on the plane back," he said.

Plenty of people were encountered who wanted to march in the streets, pump their fists in the air, queue up in front of cameras, and scream their discontent, but very few who wished to treat economic inefficiency as a technical problem requiring a physical solution. A consensus that the public deserved to have its trust in the free market justified by a scientific standard of accountability & transparency was scant at best. Rather than staying focused on the economy, pied pipers began appearing from every corner seeking to turn the attention of participants towards criticizing the police, legalizing drugs, and giving credence to an endless host of meaningless political doctrines and youtube-fueled conspiracy theories. Media representatives were as consumed with narratives as government representatives were consumed with politics. Upon learning of my intention to put an end to the "banking" system, a reporter one day asked if I was a libertarian. I replied, "There is no such thing." Her eyes immediately betrayed her displeasure with my response. Once it was observed I was saying nothing to confirm the existence of some character she was constructing in her story, the desire to investigate further the motive behind these words was instantly severed.

Alas, the definition that was to remain the most popular for the 1% was anger. The 1% had to be 'evil' because 'inefficient' wasn't emotionally gratifying enough. The drunkeness of impassioned tirades coupled with a euphoric race to consume an endless supply of mind-numbing narcotics was permitted to waste the movement's time and dull its force. The greatest price for all this selfish and aimless behavior was that protesters would remain wholly unaware that to strike fear into hearts of bankers, all one had to do was identify 1) how "banks" are born from a growth-limiting legal absurdity, 2) that these firms stand convicted as the true occupiers in the sanctuary of return, and finally 3) how growth may be permanently secured without them. On Tuesday, May 1, 2012, a day on which many sought to commemorate and possibly rekindle the protests, I posted my opinion regarding why the movement failed. In short, it was declared that a moment of hope was wasted on the vain.

Numerous attempts to communicate with government officials in state, federal and international offices had proven futile. Attempts to speak with individuals in the private & academic sectors, and in activism, resulted in only more indifference.

On Wednesday, July 18, 2012, I started over again with the conviction that a movement must be defined by its solution; not its complaint. Furthermore, I swore off limited liability as unrealistic. All the companies and websites created from before were either abandoned or archived. No more joining groups, or bothering with those who cling to groups, or showing regard for anything that compromises the mental independence of human beings—the only resource systemaccounting serves and may depend on for its eventual adoption.

Efforts are now consolidated to sincere person to person discussions about a technology invented to isolate financial risk to those who consume it, and to cause a system to be fully-measurable and accessible to the public. Most people who turn to read "Establishing Public Independence from the Banking System" continue walking as if they expect the future to support their steps with as much force as was placed behind their confidence to ignore the sign.


But every now and again—a passerby will call their expectation to account to test whether or not it has been calibrated to reckon a fundamental & universal physical law, "What is systemaccounting?"

"Systemaccounting is a payment app that empowers people to pay one another directly through an accounting system instead of a 'banking' system."

"Oh? What's the difference?"


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